The eurobond market structure, function and regulation

Thomson, Henry. (1990). The eurobond market structure, function and regulation Honours Thesis, School of Economics, The University of Queensland.

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Author Thomson, Henry.
Thesis Title The eurobond market structure, function and regulation
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1990
Thesis type Honours Thesis
Total pages 138
Language eng
Subjects 14 Economics
Formatted abstract
The third world debt and the growing deficits of some major industrial countries have been ‘the' topics of discussion in International Economics in recent years. The financing of these requires an effective and efficient transmission mechanism.

International movements of capital and international credit markets expanded rapidly from the 1960s in response to needs for finance by the liberalization of exchange rates and some increase in capital mobility. At the same time there was much talk and evidence of increased instability as seen in the volatility of exchange and interest rates. International financial markets appeared to rely more on speculation and ‘news' than on productivity.

It is my intention in this thesis to consider the international movement of capital in the light of recent changes, and to give a fresh interpretation of the Eurobond market. The history, underlying issues, developing trends, and problems of the market are emphasised. A primary objective is to ask whether some form of control or supervision is feasible to decrease risks and put the emphasis back on to productivity. The outcome of studying theories of regulation indicates that, rather than abolishing the market or imposing strict controls; self regulation, through the Association of International Bond Dealers, with some minimal national governments' supervision, may be able to balance the deficit financing on the one hand and the risks of international capital movements on the other.

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
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Created: Mon, 06 Dec 2010, 15:43:48 EST by Ning Jing on behalf of The University of Queensland Library